Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David’s guide to living a richer, wiser, and happier life.

David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He’s also the co-founder of Asset Camp, a fintech platform of dynamic data-driven research tools focused on asset classes.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:10 - Why we should care about current market conditions as long-term investors.

09:27 - David’s assessment of current market conditions and the Fed’s job in managing inflation.

13:08 - How long it takes for interest rates to flow through to the broader economy.

16:49 - The role international stocks can play in a portfolio.

26:47 - If investors should care if the US has the reserve currency or not.

33:28 - Ways in which investors can get exposure to AI.

38:41 - The potential long-term impacts of AI on our financial system.

42:09 - Whether GDP is an outdated and misleading metric or not.

46:42 - The role that crowdfunding platforms and alternative assets can play in a portfolio.

55:51 - How the venture capital playbook works.

58:28 - How David thinks about the expected returns for alternative assets.

75:00 - David’s thoughts around aligning his finances with living a good life.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Check out our newly released TIP Mastermind Community.
• Check out our recent episode covering The Passionate Pursuit of Lifelong Learning w/ Gautam Baid or watch the video here.
• David’s investing tool: Asset Camp.
• David’s website: Money for the Rest of Us.

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P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!

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